Circle Oil to drill across all territories next year

Irish exploration company Circle Oil is targeting drilling activity in all of its territories in 2014, with management promising a very active year.

In an operational update published yesterday, the Limerick-headquartered firm — whose chief assets are spread across northern Africa and the Middle East — communicated positively on all aspects of its portfolio.

Last week, Circle reported it had been awarded a new permit in Tunisia, following a competitive bid process.